Hexagon has announced that its proposed spin-off – combining its Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, along with select related businesses – will operate under the name Octave. The standalone company is expected to launch in the first half of 2026, pending stakeholder approval and regulatory clearance.
Positioned as a pure-play software and SaaS provider, Octave will focus on helping organisations make smarter, data-driven decisions across the asset lifecycle. From design and construction through to operation and protection, Octave’s portfolio will offer tools that optimise performance, improve resilience, and support faster, more informed responses to both routine and critical events.
In addition to the core divisions, the spin-off will also include ETQ – currently part of Hexagon’s Manufacturing Intelligence division – and Bricsys, which now operates under the Geosystems division. Bringing these operations together under one banner signals a clear ambition: to scale intelligence across industries and public infrastructure, accelerating digital transformation in asset-intensive environments.
“As we prepare for the potential separation from Hexagon AB, Octave will be a powerful identity to reflect the significant growth opportunity,” said Mattias Stenberg, current President of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions and incoming CEO of Octave. “As a separate, stand-alone company, Octave will have the depth, scale and expertise to capitalise on software and services opportunities across industrial and public sector spaces — and deliver intelligence at scale.”
Octave will launch with around 7,200 employees and revenues of approximately EUR 1.45 billion, based on figures from the year ending 31 December 2024. The business achieved an adjusted operating margin (EBIT1) of roughly 31% for the same period, prior to accounting for standalone costs.
The proposed separation remains subject to the usual shareholder and board approvals, as well as regulatory and procedural clearances. While the Hexagon Board is aiming for a completion date in the first half of 2026, it notes that the process is ongoing and there can be no guarantee the spin-off or listing will ultimately proceed.
For more information, visit octave.com.